Harley-Davidson (NYSE:HOG) Hits New 1-Year Low - Here's Why

Shares of Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $29.46 and last traded at $29.55, with a volume of 102519 shares trading hands. The stock had previously closed at $30.28.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Citigroup reduced their price objective on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered Harley-Davidson from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Finally, Bank of America dropped their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Harley-Davidson has an average rating of "Hold" and an average price target of $42.57.

Harley-Davidson Price Performance

The stock has a 50 day moving average price of $32.59 and a two-hundred day moving average price of $34.62. The company has a market capitalization of $3.78 billion, a PE ratio of 6.69, a P/E/G ratio of 0.45 and a beta of 1.47. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson's payout ratio is 15.54%.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Harley-Davidson

Several large investors have recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson during the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson during the third quarter worth about $38,000. Signaturefd LLC boosted its holdings in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company's stock valued at $63,000 after purchasing an additional 597 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Harley-Davidson in the 3rd quarter valued at $79,000. Finally, GAMMA Investing LLC grew its holdings in shares of Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company's stock worth $96,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.